S&P 500, Nasdaq Futures Dragged By Financial Stocks—American Express, CSX Corp, Standard Lithium In Focus

Описание

U.S. stock futures slumped on Friday following Thursday’s declines. Futures of major benchmark indices dropped by nearly 1%. Banking and financial stocks plunged on Thursday after Zions Bancorporation NA (NASDAQ:ZION) announced that it had incurred a sizable charge due to bad loans of a couple of borrowers. Meanwhile, Western Alliance Bancorp (NYSE:WAL) alleged on Thursday that a borrower had committed fraud.